Shutterstock Announces Up To $100M Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Shutterstock has announced a share repurchase program of up to $100 million, aiming to return value to shareholders and increase shareholder confidence.
June 07, 2023 | 11:03 am
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POSITIVE IMPACT
Shutterstock's share repurchase program of up to $100 million may lead to an increase in stock price as it signals confidence in the company's future.
Share repurchase programs are often seen as a positive signal by investors, as they indicate that the company believes its stock is undervalued and has confidence in its future prospects. This can lead to increased demand for the stock, driving up the price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100